The GBP/USD pair broke down during the course of the day on Tuesday, breaking the bottom of two hammers from previous trading, and as a result the market looks as if it is going to continue going lower. We see real support near the 1.52 level, so we feel that will be the next target that the market tries to reach. We believe that rallies will continue to be selling opportunities until yet well above the 1.55 level, which is something that will take a significant amount of momentum building to do so.
GBP/USD Forecast September 2, 2015, Technical Analysis